MARINAADE
ActiveSummary
The computed 12-month bankruptcy probability of MARINAADE is 5.0% (elevated). For MARINAADE, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €14,083 and a net result of -€450. Equity is growing by ~62.3% per year across the filed fiscal years. Its solvency ranks better than 60% of 17991 sector peers (fiscal year 2023). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Bankruptcy probability: Elevated
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability44▼-21
Solvency65▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
5.0%
Elevated
0%0.5%1.5%4%10%≥ 25%
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Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2023Solvency, return and age of the figures
Solvency
39.5%
Return on assets
-1.3%
Age of the figures
33 mo
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 7 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline01-10-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 03-05-2024, 89 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
89 d early
2022
3 d early
2021
23 d early
2020
43 d early
2019
18 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 28 days before the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2023, micro schema
Equity
€14,083▼ 3.1%
2022 · €14,533
Total assets
€35,636▼ 18.0%
2022 · €43,437
Net result
-€450
2022 · €3,046
Working capital
€1,103▲ 144%
2022 · €452
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Operating result€11,647€17,370▲ 49.1%€14,937▼ 14.0%€5,803▼ 61.1%€2,089▼ 64.0%
Net result€8,760€13,695within the sector's middle half▲ 56.3%€11,810within the sector's middle half▼ 13.8%€3,046within the sector's middle half▼ 74.2%-€450within the sector's middle half
Equity-€14,018▲ 38.5%-€323within the sector's middle half▲ 97.7%€11,486within the sector's middle half€14,533within the sector's middle half▲ 26.5%€14,083within the sector's middle half▼ 3.1%
Total assets€34,966▲ 18.0%€45,765within the sector's middle half▲ 30.9%€45,228within the sector's middle half▼ 1.2%€43,437below the sector's middle half▼ 4.0%€35,636below the sector's middle half▼ 18.0%
Debt€48,984▼ 6.5%€46,088▼ 5.9%€33,742▼ 26.8%€28,904▼ 14.3%€21,554▼ 25.4%
Working capital-€27,259▲ 1.5%€1,195within the sector's middle half€19,400within the sector's middle half▲ 1,523%€452within the sector's middle half▼ 97.7%€1,103within the sector's middle half▲ 144%
Solvency-40.1%▲ 36.8pp-0.7%within the sector's middle half▲ 39.4pp25.4%within the sector's middle half▲ 26.1pp33.5%within the sector's middle half▲ 8.1pp39.5%within the sector's middle half▲ 6.1pp
Current ratio0.30▲ 0.071.05within the sector's middle half▲ 0.752.04within the sector's middle half▲ 0.991.02within the sector's middle half▼ 1.021.07within the sector's middle half▲ 0.04
Return on assets (ROA)25.1%▲ 47.2pp29.9%above the sector's middle half▲ 4.9pp26.1%above the sector's middle half▼ 3.8pp7.0%within the sector's middle half▼ 19.1pp-1.3%within the sector's middle half▼ 8.3pp
Staff (FTE)0.4▼ 33.3%0.3below the sector's middle half▼ 25.0%1.3▲ 333%2.7▲ 108%2.4▼ 11.1%
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2023 is 64% below 2022 and is the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €35,636
Fixed assets
€17,763 ▼ 18.6%
Current assets
€17,873 ▼ 17.3%
Equity and liabilities €35,636
Equity
€14,083 ▼ 3.1%
Debt
€21,554 ▼ 25.4%
Debt's share of the balance-sheet total falls from 66.5% to 60.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€7,751▼
2022 · €11,955
Cash flow
€5,213▼
2022 · €9,198
Quick ratio
0.83▲
2022 · 0.81
Debt to equity
1.53▼
2022 · 1.99
ROE
-3.2%▼
2022 · 21.0%
Interest coverage
3.16▼
2022 · 4.51
Debt ≤ 1 year
€16,770▼
2022 · €21,149
Debt > 1 year
€4,671▼
2022 · €7,699
Income taxes
€198▲
2022 · €192
Staff costs
€37,763▲
2022 · €23,720
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €5,900 | €303 | €15 | ▼ 94.9% |
| Remuneration, social security and pensions62 | - | - | €8,247 | €23,720 | €37,763 | ▲ 59.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,856 | €4,740 | €3,680 | €6,152 | €5,662 | ▼ 8.0% |
| Other operating charges640/8 | - | - | €592 | €2,079 | €3,149 | ▲ 51.4% |
| Non-recurring operating charges66A | - | - | €9,859 | €965 | €1,183 | ▲ 22.5% |
| Gross operating margin9900 | €29,748 | €25,669 | €37,314 | €38,719 | €49,845 | ▲ 28.7% |
| Operating profit (loss)9901 | €11,647 | €17,370 | €14,937 | €5,803 | €2,089 | ▼ 64.0% |
| Financial income75/76B | - | - | €44 | €85 | €110 | ▲ 29.3% |
| Recurring financial income75 | €111 | €17 | €44 | €85 | €110 | ▲ 29.3% |
| Financial charges65/66B | - | - | €3,170 | €2,651 | €2,451 | ▼ 7.5% |
| Recurring financial charges65 | €2,998 | €3,693 | €3,170 | €2,651 | €2,451 | ▼ 7.5% |
| Profit (loss) for the period before taxes9903 | €8,760 | €13,695 | €11,810 | €3,238 | -€252 | ▼ 108% |
| Income taxes67/77 | - | - | - | €192 | €198 | ▲ 3.2% |
| Profit (loss) for the period9904 | €8,760 | €13,695 | €11,810 | €3,046 | -€450 | ▼ 115% |
| Profit (loss) for the period to be appropriated9905 | €8,760 | €13,695 | €11,810 | €3,046 | -€450 | ▼ 115% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €34,966 | €45,765 | €45,228 | €43,437 | €35,636 | ▼ 18.0% |
| Fixed assets21/28 | €23,555 | €18,815 | €7,165 | €21,835 | €17,763 | ▼ 18.6% |
| Intangible fixed assets21 | €9,030 | €7,970 | - | - | - | - |
| Tangible fixed assets22/27 | €14,265 | €10,585 | €6,905 | €21,575 | €17,398 | ▼ 19.4% |
| Plant, machinery and equipment23 | - | - | €1,365 | €291 | €1,317 | ▲ 353% |
| Furniture and vehicles24 | - | - | - | €16,783 | €12,618 | ▼ 24.8% |
| Other tangible fixed assets26 | - | - | €5,540 | €4,501 | €3,463 | ▼ 23.1% |
| Financial fixed assets28 | €260 | €260 | €260 | €260 | €365 | ▲ 40.4% |
| Current assets29/58 | €11,411 | €26,950 | €38,063 | €21,602 | €17,873 | ▼ 17.3% |
| Amounts receivable after more than one year29 | - | - | €4,000 | €3,200 | €2,400 | ▼ 25.0% |
| Other amounts receivable291 | - | - | €4,000 | €3,200 | €2,400 | ▼ 25.0% |
| Stocks and contracts in progress3 | €2,233 | €2,223 | €2,517 | €4,515 | €4,020 | ▼ 11.0% |
| Stocks30/36 | - | - | €2,517 | €4,515 | €4,020 | ▼ 11.0% |
| Amounts receivable within one year40/41 | €77 | €1,045 | €8,500 | - | - | - |
| Trade receivables40 | - | - | €7,741 | - | - | - |
| Other amounts receivable41 | - | - | €759 | - | - | - |
| Cash at bank and in hand54/58 | €5,422 | €21,493 | €17,993 | €10,822 | €9,886 | ▼ 8.6% |
| Deferred charges and accrued income490/1 | - | - | €5,053 | €3,065 | €1,567 | ▼ 48.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €34,966 | €45,765 | €45,228 | €43,437 | €35,636 | ▼ 18.0% |
| Equity10/15 | -€14,018 | -€323 | €11,486 | €14,533 | €14,083 | ▼ 3.1% |
| Contributions10/11 | €18,600 | - | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€32,618 | -€18,923 | -€7,114 | -€4,067 | -€4,517 | ▼ 11.1% |
| Amounts payable17/49 | €48,984 | €46,088 | €33,742 | €28,904 | €21,554 | ▼ 25.4% |
| Amounts payable after more than one year17 | €9,771 | €19,785 | €14,547 | €7,699 | €4,671 | ▼ 39.3% |
| Financial debts170/4 | - | - | €10,459 | €3,611 | €583 | ▼ 83.8% |
| Other amounts payable178/9 | - | - | €4,088 | €4,088 | €4,088 | = |
| Amounts payable within one year42/48 | €38,670 | €25,754 | €18,663 | €21,149 | €16,770 | ▼ 20.7% |
| Current portion of amounts payable after more than one year42 | - | - | €9,540 | €7,062 | €3,241 | ▼ 54.1% |
| Financial debts43 | - | - | - | - | €2,740 | - |
| Credit institutions430/8 | - | - | - | - | €2,740 | - |
| Trade debts44 | €10,959 | €7,330 | €5,795 | €9,511 | €7,010 | ▼ 26.3% |
| Suppliers440/4 | - | - | €5,795 | €9,511 | €7,010 | ▼ 26.3% |
| Taxes, remuneration and social security45 | - | - | €1,081 | €3,518 | €3,673 | ▲ 4.4% |
| Taxes450/3 | - | - | €72 | €950 | €1,030 | ▲ 8.5% |
| Remuneration and social security454/9 | - | - | €1,009 | €2,568 | €2,643 | ▲ 2.9% |
| Other amounts payable47/48 | - | - | €2,248 | €1,059 | €107 | ▼ 89.9% |
| Accrued charges and deferred income492/3 | - | - | €532 | €56 | €112 | ▲ 100% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,760 | €13,695 | €11,810 | €3,046 | -€450 | ▼ 115% |
| + Depreciation and write-downs630 | €4,856 | €4,740 | €3,680 | €6,152 | €5,662 | ▼ 8.0% |
| Operating cash flow (approximation) | €13,616 | €18,434 | €15,490 | €9,198 | €5,213 | ▼ 43.3% |
| Investment in fixed assets (approximation) | - | €0 | €7,970 | -€20,821 | -€1,590 | ▲ 92.4% |
| Change in cash | - | €16,071 | -€3,500 | -€7,171 | -€936 | ▲ 86.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2024
03-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €13,695 ▲56.3%
Operating result €17,370, net result €13,695, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 1.05
Current ratio from 0.30 to 1.05; short-term debt falls from €38,670 to €25,754.
18-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 18 days late
2019
31-12
Financial
Back to profitnet €8,760
Net result €8,760 after one loss-making year.
29-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Liège · 2 establishment units since 2017
Ground area
433 m²
Building footprint
259 m²
Volume, LiDAR
3,746 m³
2 parcels, Wallonia · tallest building 17.9 m, ±5 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
2 establishment units
MARINAADE
since 20172.263.995.143
Pane e Vino
since 20242.359.614.179
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62813F0116/00C000 | Wallonia | 223 m² | 1 · 159 m² | 17.7 m · 5 fl. |
| 62803A1499/00F000 | Wallonia | 210 m² | 1 · 100 m² | 17.9 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteLiège2.263.995.143
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Of 21,835 companies in this sector we hold annual accounts for 9,786. 7,593 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded05-05-2017
Fiscal year end31-12
Activities, NACEBEL 2025
56112Limited-service restaurants, excluding mobile food services
56210Event catering
82300Organisation of conventions and trade shows
E-invoicing
Not found in the Peppol register
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Register as of 1 October 2026 · Peppol Directory
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